Dark Horse Technology Group Co., Ltd. (SHE:300688)

SHE:300688 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Cash & Equivalents	96.38	254.03	340.92	406.01	443.11	494.92
Short-Term Investments	-	-	-	-	50	-
Cash & Short-Term Investments	96.38	254.03	340.92	406.01	493.11	494.92
Cash Growth	-61.91%	-25.49%	-16.03%	-17.66%	-0.37%	68.43%
Accounts Receivable	9.52	10.38	27.63	58.39	38.17	99.59
Other Receivables	37.81	39.58	4.37	10.04	6.91	6.61
Receivables	47.33	49.96	32	68.43	45.08	106.19
Prepaid Expenses	-	1.1	1.98	1.82	2.36	0.4
Other Current Assets	41.31	11.5	11.94	16.43	9.39	10.67
Total Current Assets	222.85	316.59	386.84	492.69	549.94	612.18
Property, Plant & Equipment	149.24	7.68	15.4	18.52	30.86	19.48
Long-Term Investments	109.03	159.05	154.68	154.22	120.84	94.36
Other Intangible Assets	1.85	5.9	26.53	37.95	21.14	21.38
Long-Term Accounts Receivable	-	1.68	26.51	31.49	46.66	-
Long-Term Deferred Tax Assets	6.31	6.33	23.66	17.59	9.59	4.17
Long-Term Deferred Charges	1.04	0.28	2.69	8.81	24.48	14.33
Other Long-Term Assets	1.15	-	-	-	-	-
Total Assets	491.47	497.52	636.3	761.28	803.51	765.9

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Accounts Payable	58.59	32.83	53.52	43.64	32.97	25.86
Accrued Expenses	9.11	22.14	30.05	34.1	34.85	40.39
Current Portion of Leases	2.98	3.17	11	12.87	14.73	-
Current Income Taxes Payable	4.93	1.95	2.79	1.71	1.23	5.42
Current Unearned Revenue	58.4	67.86	84.81	91.04	117.76	95.01
Other Current Liabilities	34.06	16.1	13.43	12.98	16.81	11.87
Total Current Liabilities	168.06	144.05	195.6	196.35	218.35	178.55
Long-Term Leases	1.12	3.37	7.22	5.76	16.5	15.35
Long-Term Unearned Revenue	0.1	0.1	6	-	-	-
Long-Term Deferred Tax Liabilities	0.14	0.13	1.84	2.24	2.92	-
Total Liabilities	169.43	147.66	210.66	204.36	237.78	193.9

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Common Stock	167.38	167.38	167.38	167.38	167.38	109.21
Additional Paid-In Capital	342.55	354.59	357.87	357.51	390.12	378.91
Retained Earnings	-142.69	-136.58	-86.46	19.92	11.51	106.43
Treasury Stock	-15.1	-15.1	-15.1	-	-	-
Comprehensive Income & Other	-0.29	-0.12	-0.01	-0.12	-	-
Total Common Equity	351.86	370.17	423.69	544.7	569.01	594.56
Minority Interest	-29.82	-20.31	1.96	12.23	-3.28	-22.55
Shareholders' Equity	322.04	349.86	425.64	556.92	565.73	572.01
Total Liabilities & Equity	491.47	497.52	636.3	761.28	803.51	765.9

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Total Debt	4.11	6.54	18.21	18.63	31.23	15.35
Net Cash (Debt)	92.27	247.49	322.71	387.38	461.87	479.58
Net Cash Growth	-62.32%	-23.31%	-16.69%	-16.13%	-3.69%	63.21%
Net Cash Per Share	0.60	1.51	1.99	2.41	2.77	2.94
Filing Date Shares Outstanding	166.76	166.76	166.76	167.38	167.38	163.81
Total Common Shares Outstanding	166.76	166.76	166.76	167.38	167.38	163.81
Working Capital	54.78	172.54	191.24	296.34	331.59	433.63
Book Value Per Share	2.11	2.22	2.54	3.25	3.40	3.63
Tangible Book Value	350.01	364.27	397.16	506.74	547.87	573.18
Tangible Book Value Per Share	2.10	2.18	2.38	3.03	3.27	3.50
Machinery	-	6.31	8.42	9.2	10.47	10.03

Data Source: S&P Global Market Intelligence Last updated: Oct 15, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 22, 2026

Data Sources Report a data error